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- Important
- Financial Update
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Intellect Design Arena has announced a board meeting to approve the allotment of 1,64,744 equity shares under its Employee Stock Option Plans. This includes shares from the ISOP 2015, ISOP 2016, and IIPS 2018 schemes. Following this allotment, the company’s paid-up share capital will increase to Rs. 692.09 crore, with a total of 138,417,844 shares outstanding. The company is moving forward with listing these new shares on the NSE and BSE, which may enhance employee motivation and retention. Overall, this development presents a positive outlook for shareholder value and engagement.